2023 Form 5500 filing — Sulphur Springs Bancshares, Inc. Employee Stock Ownership Plan With 401(K) Provisions
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240926105721NAL0001037072001) for Sulphur Springs Bancshares, Inc. Employee Stock Ownership Plan With 401(K) Provisions, reported by Sulphur Springs Bancshares, Inc. under EIN 75-1983358 and plan number 001. It reports 331 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$25.6MReported net assets$25,557,644
Participants331
Provider compensation$74.9K2 Schedule C row(s)$74,881
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240926105721NAL0001037072001
- Plan sponsor
- Sulphur Springs Bancshares, Inc.
- EIN
- 75-1983358
- Plan number
- 001
- Location
- Sulphur Springs, TX
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$25.6M total assets
Net assets$25.6MLiabilities$8.9K
Full reported line items
- Total assets (EOY)
- $25,566,583
- Total liabilities (EOY)
- $8,939
- Net assets (EOY)
- $25,557,644
- Employer contributions
- $358,778
- Participant contributions
- $974,269
- Total income / additions
- $3,824,633
- Benefits paid
- $2,456,183
- Administrative expenses
- $74,725
- Total expenses
- $2,530,908
- Net increase / (decrease)
- $1,293,725
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Bok Financial Asset Management, Inc | NONE | $67,774 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | NONE | $6,952 | $155 |